Rai, who is contesting Assembly elections for the eighth time, has declared his assets in his nomination papers. He has assets worth Rs 3.80 crore with Rs 3.26 crore of immovable property and Rs 53.87 lakh movable property. Rai has mentioned in his affidavit that he is 66-years-old and is a BA graduate.

He has Rs 2 lakh cash in hand. The amount deposited in various banks, two cars and 100 gram gold are worth Rs 53.87 lakh. Rai owns 15.22 acres of agricultural land and 1.81 acres of non-agricultural land. His liabilities are worth Rs 34.59 lakh.

Jain’s assets : Abhayachandra Jain, who has filed his nomination papers from Congress party, to contest from Moodbidri Assembly constituency, has represented Moodbidri Assembly four times. He is into the transport business and owns six buses.

As mentioned in his affidavit, Abhayachandra Jain is 69-years-old and is a diploma holder. Jain’s wife Manjula owns 18 buses. The total assets of his family is worth Rs 7.31 crore and the liabilities are worth Rs 7.77 crore.

He has mentioned in his affidavit that during the fiscal year 2016-17, his income was Rs 15.12 lakh. But, during the same year, his wife incurred a loss of Rs 77.56 lakh. Abhayachandra has Rs 30,056 cash in hand.

Jain owns 20.18 acre land, non-agricultural land in Mangaluru, three apartments and one apartment in Mangaluru respectively and a land in Bykampady industrial estate, all amounting to Rs 2.93 crore. His liabilities are worth Rs 2.08 crore.